Death Of The Dividend Dinosaurs?
While the media and Wall Street are obsessed with tech unicorns, there appears to be trouble in dinosaur land. Let’s take a look. 👀
It’s no secret that telecom companies have been struggling over the last few years. Driving the weakness is a slowdown in its core business as U.S. telecom growth slows and competition heats up. And on the cost side, expensive up-front investments in nationwide 5G service weighed on profits. Meanwhile, their legacy media businesses, meant to diversify their business, face increased competition, content costs, and reduced demand. 🔻